Dayang Enterprise Holdings is poised to climb upwards as it attempted to move past its MYR0.925 resistance yesterday – crossing above the 21-day average line. If a breakout happens above that level, a “higher high” bullish pattern will be observed. The next resistance is set at MYR0.955, followed by the MYR1.00 psychological level. If it falls below the support threshold of MYR0.87, selling pressure may emerge as it trades below the average line.

Source: RHB Securities Research - 19 May 2022